Comment inspired by an HN thread where there’s some speculation that retail might get predated by the other half of the investor binary, investment banks, which possibly own some index funds.
-
-
Show this thread
-
“That sounds like snarking.” Imagine if I had just told you to optimize the performance of a React app by putting a multiplexer in the subroutines because it’s plausibly CPU-bound.
Show this thread -
I am doubly frustrated because if you believe them to be shadowy masters of the world economy and yourself to be intellectually curious you’re sort of pot committed to having *some idea* of how they make money, right?
Show this thread -
If you believe in vampire squids surely you need to care about vampire squids enough to answer the question “Is this drinking straw in fact a vampire squid? Is this hamster a vampire squid? Is a sofa a vampire squid insofar as they are both spongy?”
Show this thread
End of conversation
New conversation -
-
-
I suspect the problem is people need a label for financial elites and the role they play in politics and the economy, but if you start ranting about "the money trust" or "Capital" you sound like a lunatic or a Marxist. "Investment banks" is a convenient synecdochical shorthand.
-
I just use capital and labor nowadays, no reason to dissemble or be vague. But I agree, people use definitely use it like “the boogeyman” for this reason
End of conversation
New conversation -
-
-
This Tweet is unavailable.
-
Has the bogeyman ever generated a $107B profit for the US?https://projects.propublica.org/bailout/
- 1 more reply
-
-
-
There is a special class of people in our society that get money handed to them at a discount by the violently enforced central banks, who then use it to buy other financial assets and loan it to the plebs at higher rates.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.